thebitcointrader.com Archives - 19 February 2013, Tuesday

Bitcoin adoption is increasing and reaching new businesses every day. The more people who get into this virtual currency, the better! For those who haven't joined the revolution yet, check out http://thebitcoinmaster.blogspot.com and get started!

What I've done here is added six months onto this chart (click for full-size), showing where I believe the exchange rate and mining difficulty will take us over the next half-year. Predicting mining difficulty at this scale was rather easy; it's going to go up, and quickly. A difficul...

Actual Bitcoin trade data from 2010: BitcoinMarket.com It's a thing of legend: the infamous Bitcoin Pizzas. In May of 2010, Bitcoins were trading for approximately $0.0045 a piece (that's 222 Bitcoins for a dollar), and an individual named laszlo on the bitcointalk forums had an idea:...

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After a tireless campaign from Bitcoin supporters, Reddit has finally made the decision to accept Bitcoin as payment for Reddit Gold. Reddit, the 135th most visited site globally and the 61st most visited site by Internet users in the United States, joins Wordpress as one of the large...

There are many Bitcoin enthusiasts who, through the fall from $32 to $2/BTC and the slow climb back up, kept the faith and fought off the critics and the pessimists. Now, their faith is bearing fruit. Here are six reasons to be excited about Bitcoin at the moment: There are 289 users ...

It's been all of two weeks since Bitcoin cracked through the psychologically important $20 USD barrier, and now $25 has been breached. At this time, the order book shows no resistance to the price moving rapidly higher. One can only surmise that this is a setup for an even larger upwa...

As Bitcoin makes the transition from awkward caterpillar to beautiful butterfly, I believe it's important that we take a moment to reflect on the personalities that have contributed greatly to Bitcoin's colourful history. You could say that the existence of these individuals was alway...

Bitcoin Hits $20.50/BTC, Continues Climbing The First Bitcoin ASICs are Hashing Away! Attention Bitcoin Traders: $20 is About to Fall! A Second Look at OKPAY, Bitcoin's Largest Payment ... Bitcoin Hits Bloomberg and the Front Page of ZeroH... Bitcoin: The $200 Million Currency, Once A...

The First Bitcoin ASICs are Hashing Away! Attention Bitcoin Traders: $20 is About to Fall! A Second Look at OKPAY, Bitcoin's Largest Payment ... Bitcoin Hits Bloomberg and the Front Page of ZeroH... Bitcoin: The $200 Million Currency, Once Again 253 BTC ($3,577 USD) Bet that Butterfly...

Attention Bitcoin Traders: $20 is About to Fall! A Second Look at OKPAY, Bitcoin's Largest Payment ... Bitcoin Hits Bloomberg and the Front Page of ZeroH... Bitcoin: The $200 Million Currency, Once Again 253 BTC ($3,577 USD) Bet that Butterfly Labs will ... Bitcoin Surges Through $14 ...

, which at the time was seen as a huge step toward the consumer popularisation of Bitcoin. OKPAY was, and still is, the first well-established payment processor to integrate Bitcoin into their services. Since the original announcement, OKPAY has continued to increase in popularity, be...

A big day for Bitcoin today, as articles about the currency have hit both Bloomberg and ZeroHedge . Bloomberg's article was entitled, "Bitcoin’s Gains May Fuel Central Bank Concerns," while ZeroHedge, with their usual panache, spun the Bloomberg article into, "Is The ECB Responsible F...

On January 24th, Bitcoin broke through $19.00, a price not paid for a Bitcoin since July of 2011. Over 24 hours, 160,000 Bitcoins traded hands on the Mt.Gox USD market alone, while traders attempted to seek out a new valuation for the increasingly popular digital currency. Trading has...

on the 5th of January was not receiving much attention until late yesterday, when someone threw some significant money on the "no" side. The bet looks like this: 253 BTC (250 of which was bet last night) says that Butterfly Labs (BFL) will not be able to deliver their ASIC product pri...

We people in the Bitcoin world have short memories, apparently. It wasn't very long ago that the Global Bitcoin Stock Exchange disappeared into the ether, leaving hundreds (thousands?) of investors high and dry while the owners of the listed businesses scrambled to straighten out the ...

The currency that never sleeps hit $14.32 USD/BTC today, surging past the $14 mark for the first time since August 2012 and only $1.08 shy of a new 18 month high. While trading was locked in the mid $13-range for over a month, recent news regarding adoption of the currency, significan...

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A new Bitcoin exchange / leveraged trading service is set to launch in the coming weeks. Going by the name of "Kraken," it will be the first site to offer leveraged trading since the beleaguered Bitcoinica went offline last year. It will also be a Mt.Gox-like Bitcoin exchange. I had t...

Bitcoin in 2012: By the Numbers Our humble digital currency continued to show resilience in 2012, growing in all respects and steadily building its user base. The expressi... Enter the Dragon: BTCChina's Volume and Exchange Rate Suddenly Explode Higher The Bitcoin community has been a...

Early on, in was apparent that the online gambling scene had the potential to benefit from Bitcoin. Obviously I was not alone in that thinking, as dozens of Bitcoin gambling sites seemingly sprung up overnight, most of them looking like they were coded by five year-olds or Nigerians, ...

The number of users of the popular "My Wallet " service provided by blockchain.info has grown nearly exponentially, especially over the last month. Blockchain.info arguably has the most user-friendly mobile app for Bitcoin, which has likely contributed to the success shown in this chart.

thinking to myself, "more people need to know about this site!" Opened just two days ago, BitTrivia is exactly what it sounds like, a site where you can put your Bitcoins on the line against others in a no-holds-barred trivia competition. Got the smarts but never had an opportunity to...

On the 28th of November, the reward for solving a Bitcoin block dropped from 50 Bitcoins to 25 as the first of several programmed Bitcoin inflation controls kicked in. There was rampant speculation on what the immediate repercussions would be at the time of the halving, with some expe...

In October I took some vacation from my real job and made my way to San Francisco to meet up with the guys behind 20Mission, including Jered Kenna and Jonathan Ryan Owens. It was fantastic to finally meet some of Bitcoin's personalities in real life, and though they couldn't share a l...

One of the biggest online communities for Bitcoin enthusiasts is the r/bitcoin sub-reddit on reddit.com. I noticed in the spring that it was starting to gain readership at an increasing rate, so I decided to track the numbers. Here's the result so far: Unfortunately I didn't get any d...